The outbreak of the economic crisis in 2007–2008 changed the views about economic policy worldwide, in particular, the role, tasks and responsibility of monetary policy. Hungary was hit by the crisis in a particularly vulnerable state; therefore the aim of reducing external vulnerability was a...

A 2007–2008-ban kirobbant gazdasági válság világszerte átalakította a gazdaságpolitikáról, illetve azon belül is a monetáris politika szerepéről, feladatáról, felelősségéről alkotott nézeteket. Magyarországot kiemelten sérülékeny állapotban érte el a krízis, így a...

As regards the concept of fiscal sustainability, our study finds that in this area a variety of issues can be examined with very different tools. The issues may concern the achievement of fiscal constraints over an infinite horizon, the realisation of a specific target, or the fiscal policy...

Our study aims to compare the level of redistribution, and expenditure structure of the Visegrád countries in the period between 1995–2010. For the purpose of comparability, the new methodology presented in the study filters out those components of total expenditures, which are exogenous in...

A The delay in accession to the euro zone makes the Hungarian economy vulnerable, thus the present state of public finance may be the source of serious problems. The prerequisite of accession is for the deficit measured with the European methodology to stay below 3 per cent of GDP, whereas the...

Organized by the State Audit Office and the National Bank of Hungary with assistance from the Ministry of Finance on May 19 2006, the conference on a Fiscal Responsibility Framework (FRF) responded to the topical issue of the lasting grievances and the continuous deterioration of the...

Tanulmányunk a fiskális fenntarthatóság fogalma kapcsán megállapítja, hogy ebben a témakörben nagyon különböző eszközökkel számos eltérő kérdés vizsgálható. Kérdés lehet a költségvetési korlát végtelen időtávon történő teljesülése, egy célérték elérése...